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Technology Stocks : America On-Line: will it survive ...?

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To: jack rand who wrote (3263)5/29/1997 4:01:00 PM
From: James F. Hopkins   of 13594
 
HI Jack: I'm glad you called my attention to AOL not trending
like the SOX, like I said I had a qualifyer on it "today"..but
even that missed..however you got me looking around and I found
mabe a better one to watch , the internet net index on Yahoo,
ISDEX
isdex.yahoo.com
but today AOL is bucking even that..and I may have to re-look
at my indicators that told me she was weak.
Where are the profit takers.. ? they have always been here before
when she had fast gains...hmmmm, and BTW they do not have AOL
in that index..still it should indicate a internet bear/bullish mood.
Off hand I'd say her bucking it is a strong sign..but volume is
not heavy..and I'l have to look at interday chart to see what it
shows..( like were in the day was most volume and at what price )
open and closes can get gaped a lot..finding the mean average trading
price for the day and comparing it with the day before often tells
more than the open/close or high/low..where did the "most" tickets
swap hands..that often tips you off when the price is being proped
up, I get a good guess on that using an interday chart.
Like you can find a stock closed higher than the day before, but
also find that during the day "MOST" trades went at such and such
and below the day before..(,or the other way around )..also the
high lows..may have been just a spike, or dip..( some body got
stung with market orders that the MM held back them matched and
put the change in his spread kitty )
Jim

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